Wage talks between POSCO, unionized workers break down
Wage negotiations between POSCO Co. and its unionized workers have collapsed, the steelmaker's union said Saturday, warning it would go on an indefinite strike from early next month. POSCO and the union had been in negotiations over wages, but the two sides came unstuck over wage increases and other issues. The union said it will begin an indefinite strike from 7 p.m. on Nov. 2. The union had…
Wage talks between POSCO Co. and its unionized workers have broken down, according to the union, which has warned of an indefinite strike starting early next month. The negotiations had been focused on wage increases and other issues, but the two sides were unable to reach an agreement. The union has demanded a 7.1 percent increase in basic salary and a bonus worth 600 percent of basic salary, while POSCO offered a 2.5 percent increase in basic pay and a one-off payment of five million won ($3,770).
Last month, unionized workers at POSCO held two rounds of partial strikes after failing to narrow their differences in wage negotiations.
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Also reported by 2 other outlets
- Wage talks between POSCO, unionized workers break down koreatimes.co.kr
- Wage talks between POSCO, unionized workers break down en.yna.co.kr
